The Seattle City Council on Monday approved a memorandum of understanding with Los Angeles-based Oak View Group in a $600 million privately financed project to renovate the facility, formerly the home of the NBA's SuperSonics.
The cost of the team would be $650 million, and Commissioner Bettman said the National Hockey League is looking at only Seattle for possible expansion. The expansion fee will be $650 million.
The renovations are expected to be finished by 2020, putting a benchmark on the approximate date for when we could see a hockey team in Seattle.
Nepal holds final round of parliamentary, provincial assembly elections
It took nine years after the end of a decade-long civil war to agree to a new constitution. Vote counting started in most of the parts from Thursday evening.
OK, the Sonics aren't coming back (just yet), but Seattle moved a step closer to giving hockey geeks (raise your hand - are you out there?) a reason to celebrate on Thursday when the NHL announced how it feels about an expansion franchise in the city.
Las Vegas had conducted a season-ticket drive in its bid to land an NHL team, and the league eventually approved the application.
Also at Thursday's board of governors meeting, Dallas billionaire Tom Dundon signed an agreement to purchase a majority stake in the Carolina Hurricanes from Peter Karmanos Jr. The Knights have been a great boost for the league, as they've started the season better than any expansion team in NHL history, and are vying for the top spot in the Pacific Conference with the L.A Kings.
OVG CEO Tim Leiweke says his group will work to get a team to join the WNBA's Seattle Storm at KeyArena.
- Honda's Super Cute 3E Robotics Concepts Heading To CES 2018
- UnitedHealth Group Incorporated (UNH) Position Lowered by Guardian Capital Advisors LP
- How The Financial Crisis Gave Us Shorter Trees For Christmas This Year
- Instagram está probando una app de mensajería en Chile
- China border standoff escalates after drone crash
- Wenger responds to call for Giroud to leave Arsenal
- Alzheimer's Cases to Double by 2060
- Kevin Gausman changing number to honor Roy Halladay
- Los Angeles Wildfire Threatens Getty Museum
- Lawsuit Accuses Bryan Singer of Sexually Assaulting 17-Year-Old Boy